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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Shirley at 219 Illinois St, Shirley, IN, 47384 at $137,500 posts ROI 48.28% with $1,078/mo cash flow from $1,903/mo rent. Total monthly income equals $1,903/mo, and annual cash flow records $12,931/yr on $45,581 to close. Return on cash invested measures 48.28% and rental yield reads 16.61% at the current $137,500. Equity gained on principal adds $887/yr, and 5% annual appreciation supports $37,989 by year five. Five-year ROI prints 254.8% and total cumulative return in cash totals $116,141.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,903/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47384, Shirley, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 634 (76.8%) |
| Renter Occupied HU | 131 (15.9%) |
| Vacant Housing Units | 60 ( 7.3%) |
| Median Home Value | $212,745 |
| Average Home Value | $304,550 |
Residential
535
Single Family
535
Multi-Family
0
Businesses
36
Date | Event | Price |
|---|---|---|
| 2025-01-09 | Sold | $137,500 |
| 2024-11-28 | Pending sale | $140,000 |
| 2024-11-25 | Price change | $140,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $735.82 | -8.63% | $101,000 | 9.07% |
| 2023-10-22 | $805.32 | 52.57% | $92,600 | 2.32% |
| 2022-10-22 | $527.82 | 7.28% | $90,500 | 26.93% |
What's Special
Access Only
Listed by: Meja Stegman • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21985330
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-21 23:53:18 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
